In this series of posts intended to holistically look at online Document Management Software (DMS), we started last week by looking at some concerns that organizations have about this solution. We’ll continue the same in this post. We need to hire more IT guys: One reason many organizations stay away
To put it simply, an invoice is a bill. You fulfill your customer’s need with a product or a service and you present him/her with an invoice to receive payment. Immediate payment of invoices is not the norm; it generally takes about 30 – 60 days for an invoice to
More and more organizations are turning towards online document management software to manage their document life cycles, so much so that Gartner predicts that this adoption would touch more than 90% of organizations by 2015. Document management software or a Document Management System (DMS) helps not just with the electronic
Once an employee reaches the middle management level, you can be fairly sure that the person knows the basics well and understands the theory of the subject. Putting that into practice is not so easy, though. While theory comes out of books and seems to hold good for a variety
When employees go on business-related trips, their organizations reimburse them on their return. In theory, this is simple – the employee travels, comes back, files an expense report, and gets reimbursed. But in practice, it is not quite so. The process of reimbursement faces several challenges, making it complicated. If
Before we get into procurement fraud and what we can learn about it from the second labor of Hercules, let’s take a look at the second labor itself. To atone for killing his wife and children, Hercules is sent to serve King Eurystheus for a period of twelve years by
Every business needs to carry out a fair amount of research, whether it is to make marketing decisions like product positioning or business decisions like resource allocation. There are several methods, qualitative and quantitative, available to organizations to carry out this research but in terms of convenience, reach, and ROI,
Who says online file management software is not for freelancers? If you are a freelancer and have a team working from different locations then any software to manage documents will be beneficial for you. Freelancers have hundreds of documents to manage. Managing them and preserving them becomes a challenge. Here
Expense reimbursement is often a chaotic process in many organizations. With paper and paper work piling up on their desks and the pressure of deadlines growing, many finance executives won’t be able to give each expense report more than a cursory glance before releasing the payment. This introduces the risk
This post continues from the last one where we introduced invoice fraud and showed a few ways in which this fraud can be perpetuated, namely overcharging and false invoicing. In this post, we’ll take the discussion further. So far, we were looking at the types of fraud committed by the
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